It’s well known that Northwestern University’s Kellogg School of Management produces more consultants per graduating class than any other top-tier business school in the U.S. Consulting firms are especially attracted to Kellogg MBAs because of their professional presence and interpersonal skills, attributes Kellogg screens for in interviewing nearly all of its applicants.
This year’s crop of MBAs is no exception. McKinsey, Bain, BCG, Deloitte and PwC Strategy& hired nearly one in four graduates from Kellogg this year, according to the school’s 2015 employment report released today (Nov. 16). Overall, some 35% of all Kellogg MBAs accepted jobs in the consulting industry.
McKinsey & Co. took away the largest single group, with 34 hires. Bain hired 28, while Boston Consulting Group took 26 out of Kellogg’s graduating class. Deloitte hired 20, and PwC employed 18 graduates. Three more consulting firms–Samsung Global Strategy Group, Accenture, and A.T. Kearney–were among the school’s largest employers.
KELLOGG TOTAL FIRST-YEAR COMPENSATION: $138,751
Kellogg said its graduates landed median base salaries of $123,000, up from $120,000 a year earlier, while 63% of the class received median sign-on bonuses of $25,000 each. Excluding other guaranteed compensation, which Kellogg does not report, the median first-year pay package for Kellogg graduates was $138,751 (see below).
The school also reported significant increases in both job offers and acceptances. Slightly more than 88% of the graduates received job offers at graduation, up from 85% last year, while 95% had offers three months after commencement, up a point from the 94% a year earlier. About 84% of the class accepted their jobs by graduation, compared to 80% in 2014, while 92% of the class accepted their positions three months later, up considerably from 86%.
The highest reported base salary in this year’s class went to a graduate who took a $200,000-a-year job in private equity. But the largest sign-on bonus, a whopping $97,000, was snapped up by an MBA who went into the consulting field.